Editor's Note: A previous version of this story said that the elimination of state taxes on tips and overtime would expire after two years. This is incorrect. The story has been updated to show that this proposal does not have an expiration date.
Governor Tony Evers and Republican leaders have announced a deal on how to spend Wisconsin's $2.3 billion budget surplus.
Under the proposed deal, $850 million will go toward refund checks, including $600 checks for families, and $300 checks for single filers.
The deal will also eliminate state taxes on cash tips, and it will eliminate state taxes on overtime. Unlike similar legislation at the federal level, however, these plans are not set to expire after two years.
Watch: Gov. Evers, Republicans announce budget surplus deal:
It also contains $600 million for public schools, including the largest increase to the state’s special education reimbursement rate in state history to attain 50 percent.
The deal also includes $300 million to lower property tax rates by buying down the school portion of the tax.
For more details on the deal, click here.
Lawmakers are expected to return to Madison this week to vote on the proposed deal.
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